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Nonprofit · EIN 42-1506967

GREATER OELWEIN AREA CHARITABLE FOUNDATION INC

Tax-exempt · OELWEIN, IA 50662

Financials

$27K$65K2023
Revenue Expenses · by fiscal year end
Financials of GREATER OELWEIN AREA CHARITABLE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$26,547$64,792-$38,245$3,152,490$423,618$2,728,872
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$46,300
Program service revenue
$0
Investment income
$147
Net rental income
-$19,900
Other revenue
-$19,900

Expenses

Grants and similar amounts paid
$64,792
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$64,792

Balance sheet and other

Total assets, start of year
$3,199,716
Total assets, end of year
$3,152,490
Total liabilities, end of year
$423,618
Net assets, end of year
$2,728,872
Land, buildings and equipment
$3,010,643
Net assets without donor restrictions
$117,854
Net assets with donor restrictions
$2,611,018
Gross unrelated business income
-$19,900
Gross receipts
$76,447
Employees
0
State of legal domicile
IA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Jon KingTreasurer
Trustee or director
0$0
Jenna SharesVice President
Trustee or director
0$0
JOSH EHNChairman
Trustee or director
0$0
SANDRA J GRAFSecretary
Trustee or director
0$0
Travis BushawDirector
Trustee or director
0$0
LARRY MURPHYDirector
Trustee or director
0$0
Jim KullmerDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
25 N FREDERICK AVE, OELWEIN, IA 50662-1734
In care of
% GENE FUELLING PRES
Mailing address (990-N for 2015)
PO BOX 639, OELWEIN IA 50662
Principal officer (990 for 2023)
JOSH EHN, 25 N Frederick Ave, OELWEIN, IA 50662
Principal officer (990-N for 2015)
GENE L FUELLING, PO BOX 639, OELWEIN IA 50662
Signed the 990
JOSH EHN, Vice President
Return prepared by
RFSW & Co CPAs PC

Mission

CHARITABLE AND EDUCATIONAL PURPOSES - (1) TO RAISE MONEY FOR THE CONSTRUCTION AND OPERATION OF A COMMUNITY ARTS/PERFORMANCE CENTER AND A RECREATION/WELLNESS CENTER. TO BE OPERATED BY A 28E COMMITTEE COMPOSED OF THE CITY OF OELWEIN & THE OELWEIN COMMUNITY SCHOOL DISTRICT. WILL BENEFIT OVER 10,000 RESIDENTS OF THE SURROUNDING AREA.(2) TO RAISE MONEY AND CONSTRUCT A REGIONAL ACADEMY FOR MATH AND SCIENCE TO BE OPERATED BY A 28E AGREEMENT COMPOSED OF THE FOUNDATION, THE OELWEIN COMMUNITY SCHOOL DISTRICT AND NORTHEAST IOWA COMMUNITY COLLEGE.THE FOUNDATION LEASES THE ACADEMY TO THE NORTHEAST IOWA COMMUNITY COLLEGE WITH THE PROCEEDS GOING TO PAY THE DEBT SERVICE OWED TO THE USDA-RD.3) MISCELLANEOUS CONTRIBUTIONS ARE RECEIVED TO SUPPORT WELLNESS SCHOLARSHIPS, AND OTHER CHARITABLE AND EDUCATIONAL PROJECTS.

990 for the year ended December 31, 2023

Program accomplishments

  • THE ORIGINAL PURPOSE OF THE ORGANIZATION WAS TO RAISE MONEY TO CONSTRUCT A PERFORMING ARTS CENTER AND A RECREATION AND WELLNESS CENTER. PLEDGES COLLECTED DURING THE YEARS 2000 - 2005 ARE APPLIED TO $2000000 OF REVENUE BONDS USED TO CONSTRUCT THE FACILITY. WHEN THE ENTIRE DEBT IS RETIRED, THE FACILITY WILL BE DONATED TO THE CITY AND SCHOOL DISTRICT.THERE REMAINS $5000 ON THE DEBT SERVICE.THE CURRENT PURPOSE OF THE ORGANIZATION IS TO RAISE MONEY AND CONSTRUCT A REGIONAL ACADEMY FOR MATH AND SCIENCE TO BE OWNED BY THE "FOUNDATION AND OPERATED UNDER A 28E AGREEMENT WITH THE OELWEIN COMMUNITY SCHOOL DISTRICT AND NORTHEAST IOWA COMMUNITY COLLEGE.THE COMMUNITY COLLEGE LEASES THE REGIONAL ACADEMY FROM THE FOUNDATION FOR $30000 ANNUALLY WHICH THEN IS APPLIED TO THE DEBT SERVICE THE FOUNDATION HAS WITH THE USDA.THE FOUNDATION ALSO SUPPORTS LOCAL NONPROFIT CIVIC ORGANIZATIONS.
    Expenses $64,792

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1506967
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,152,490
Income (IRS master file)
$76,447

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$26,547$64,792$3,152,490XML
990December 2022$83,066$78,618$3,199,716IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990-N for 2015
Officer: GENE L FUELLING
December 31, 2015≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1506967).

Questions about GREATER OELWEIN AREA CHARITABLE FOUNDATION INC

What is the EIN of GREATER OELWEIN AREA CHARITABLE FOUNDATION INC?
The employer identification number (EIN) of GREATER OELWEIN AREA CHARITABLE FOUNDATION INC is 42-1506967.
Is GREATER OELWEIN AREA CHARITABLE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to GREATER OELWEIN AREA CHARITABLE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GREATER OELWEIN AREA CHARITABLE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GREATER OELWEIN AREA CHARITABLE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREATER OELWEIN AREA CHARITABLE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of GREATER OELWEIN AREA CHARITABLE FOUNDATION INC?
The 990 for the year ended December 31, 2023 names JOSH EHN.
Who are the officers and directors of GREATER OELWEIN AREA CHARITABLE FOUNDATION INC?
The 990 for the year ended December 31, 2023 lists 7 people; 0 received compensation from the organization.
How much revenue does GREATER OELWEIN AREA CHARITABLE FOUNDATION INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $26,547, expenses of $64,792 and total assets of $3,152,490 at year end.

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